The first trading day of June was a volatile one, with all three major indexes moving between both sides of the aisle throughout the session. Investors eyed U.S. trade tensions between China amid accusations of a violated trade agreement, and the European Union (EU) after President Trump announced he would lift steel tariffs to 50%. The Nasdaq finished the day with a triple-digit win, while the S&P 500 and Dow eked out modest gains as well.
OIL JUMPS AFTER OPEC+ INCREASE
Oil prices rose after the Organization of the Petroleum Exporting Countries & allies (OPEC+) decided to increase production at a steady rate. July-dated West Texas Intermediate (WTI) rose $1.73, or 2.85%,to $62.52 per barrel.
Gold prices rose to a three-week high today amid global trade tensions and a weakening greenback. June-dated gold futures rose 2.5% to settle at $3,397.20.
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